"BTC, will reach $150,000...ETH, will record $8,000"
"ETH, leads the alt season"...Bullish outlook on DeFi
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According to CoinTelegraph on the 2nd, Steno Research, an economic research institute, predicted that the cryptocurrency market will have its best year in 2025 due to changes in cryptocurrency regulations and interest rate cuts in the US.
The report stated that "the emergence of a new US administration will create an unprecedented regulatory environment for cryptocurrencies, and various macroeconomic factors such as interest rate cuts and liquidity improvement will drive the cryptocurrency market to a bullish trend in 2025." It also explained that "institutional adoption of cryptocurrencies will reach an unprecedented level, and Bitcoin and Ethereum will benefit from ETF inflows."
The report calculated the specific net inflows of Bitcoin and Ethereum spot ETFs in the US in 2025 to be $48 billion (about 70.9 trillion won) and $28.5 billion (about 42.1 trillion won), respectively.
Steno Research forecasted that the alt season will start in earnest this year.
In 2024, while Bitcoin repeatedly set new highs, altcoins had a year somewhat distant from their all-time highs. As Bitcoin absorbed the liquidity of the cryptocurrency market, the alt season, which is considered the peak of the bull market, did not arrive.
Steno Research argued that Ethereum will outperform Bitcoin significantly in 2025, leading the alt season. The report emphasized that "the Ethereum/Bitcoin ratio will reach at least 0.06 in 2025." As of 9 am on January 2nd based on TradingView, the Ethereum/Bitcoin ratio is around 0.035, meaning Ethereum is expected to outperform Bitcoin by about 2 times in the future.
Steno Research also forecast that Bitcoin's dominance, currently around 57%, will drop to around 45% by 2025, citing the Trump administration's crypto-friendly policies as a specific reason for the rise of altcoins.
The report stated that "the Trump administration will actively encourage on-chain cryptocurrency activities, which will greatly benefit altcoins such as Ethereum and Solana," and that "the total value locked (TVL) in the DeFi market will exceed $300 billion (about 443 trillion won) in 2025." The previous all-time high TVL in the DeFi market was $180 billion (about 266 trillion won) recorded in 2021.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
